Can I retire at age 40 with 7,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$578,053$572,904$567,881$562,978$558,190$548,491
2 years$286,165$280,836$275,670$270,662$265,805$256,065
3 years$188,882$183,529$178,377$173,416$168,637$159,160
4 years$140,249$134,913$129,813$124,936$120,274$111,131
5 years$111,078$105,774$100,740$95,963$91,430$82,649
6 years$91,636$86,372$81,413$76,743$72,346$63,936
7 years$77,755$72,535$67,655$63,094$58,836$50,801
8 years$67,349$62,176$57,376$52,928$48,810$41,147
9 years$59,259$54,135$49,418$45,083$41,105$33,810
10 years$52,792$47,718$43,084$38,862$35,024$28,089
11 years$47,503$42,480$37,930$33,822$30,122$23,541
12 years$43,099$38,128$33,662$29,666$26,103$19,867
13 years$39,376$34,457$30,075$26,191$22,762$16,862
14 years$36,187$31,320$27,023$23,249$19,953$14,378
15 years$33,426$28,611$24,398$20,734$17,568$12,308
16 years$31,013$26,250$22,120$18,565$15,527$10,570
17 years$28,885$24,176$20,128$16,681$13,767$9,102
18 years$26,996$22,339$18,375$15,033$12,241$7,856
19 years$25,308$20,704$16,821$13,583$10,911$6,794
20 years$23,791$19,239$15,438$12,302$9,746$5,885
21 years$22,420$17,921$14,200$11,165$8,721$5,106
22 years$21,175$16,728$13,087$10,152$7,817$4,435
23 years$20,040$15,645$12,084$9,245$7,017$3,856
24 years$19,001$14,659$11,175$8,432$6,307$3,356
25 years$18,047$13,757$10,351$7,701$5,676$2,923
26 years$17,168$12,929$9,600$7,041$5,112$2,548
27 years$16,355$12,168$8,914$6,445$4,609$2,222
28 years$15,601$11,466$8,287$5,905$4,159$1,939
29 years$14,901$10,816$7,712$5,415$3,756$1,692
30 years$14,249$10,215$7,183$4,970$3,393$1,478
31 years$13,640$9,657$6,697$4,564$3,068$1,291
32 years$13,070$9,137$6,248$4,195$2,775$1,128
33 years$12,536$8,653$5,834$3,857$2,512$986
34 years$12,034$8,201$5,451$3,549$2,274$862
35 years$11,562$7,779$5,096$3,267$2,060$754
36 years$11,118$7,383$4,767$3,009$1,866$659
37 years$10,698$7,012$4,462$2,772$1,691$577
38 years$10,301$6,664$4,179$2,555$1,533$505
39 years$9,926$6,337$3,915$2,356$1,390$442
40 years$9,570$6,029$3,669$2,173$1,261$386
41 years$9,233$5,739$3,441$2,005$1,144$338
42 years$8,912$5,466$3,228$1,850$1,038$296
43 years$8,607$5,208$3,029$1,708$942$259
44 years$8,317$4,964$2,843$1,577$855$227
45 years$8,041$4,734$2,669$1,457$776$198
46 years$7,777$4,516$2,507$1,345$705$174
47 years$7,525$4,309$2,355$1,243$640$152
48 years$7,285$4,114$2,213$1,149$581$133
49 years$7,055$3,928$2,080$1,062$528$117
50 years$6,834$3,753$1,956$981$480$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $7,000,000, adding $4,912 every year, while hoping to spend $21,503 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 65/17/18 Blend
39$7,000,000$7,000,000$7,000,000$7,000,000
40$7,719,067$7,348,067$7,239,567$8,185,916
41$8,483,533$7,685,243$7,459,213$8,836,747
42$9,325,253$8,038,220$7,685,497$9,544,771
43$10,252,086$8,407,750$7,918,618$10,317,987
44$11,272,689$8,794,620$8,158,782$11,162,775
45$12,396,602$9,199,655$8,406,200$12,086,155
46$13,634,339$9,623,722$8,661,091$13,095,853
47$14,997,483$10,067,726$8,923,679$14,200,369
48$16,498,800$10,532,618$9,194,196$15,409,061
49$18,152,355$11,019,394$9,472,880$16,732,226
50$19,973,650$11,529,099$9,759,976$18,181,198
51$21,979,764$12,062,827$10,055,737$19,768,454
52$24,189,519$12,621,724$10,360,423$21,507,730
53$26,623,656$13,206,994$10,674,303$23,414,146
54$29,305,028$13,819,896$10,997,652$25,504,349
55$32,258,822$14,461,752$11,330,754$27,796,668
56$35,512,791$15,133,947$11,673,903$30,311,283
57$39,097,516$15,837,931$12,027,400$33,070,417
58$43,046,700$16,575,227$12,391,555$36,098,539
59$47,397,480$17,347,429$12,766,688$39,422,594
60$52,190,780$18,156,210$13,153,129$43,072,256
61$57,471,697$19,003,322$13,551,216$47,080,203
62$63,289,927$19,890,602$13,961,300$51,482,426
63$69,700,235$20,819,977$14,383,738$56,318,563
64$76,762,968$21,793,465$14,818,903$61,632,269
65$84,544,630$22,813,184$15,267,175$67,471,631
66$93,118,503$23,881,351$15,728,947$73,889,608
67$102,565,347$25,000,294$16,204,623$80,944,540
68$112,974,155$26,172,451$16,694,620$88,700,684
69$124,442,997$27,400,379$17,199,368$97,228,824
70$137,079,942$28,686,757$17,719,306$106,606,931
71$151,004,085$30,034,397$18,254,892$116,920,897
72$166,346,663$31,446,243$18,806,591$128,265,340
73$183,252,298$32,925,385$19,374,888$140,744,494
74$201,880,365$34,475,061$19,960,279$154,473,189
75$222,406,488$36,098,665$20,563,275$169,577,926
76$245,024,208$37,799,757$21,184,402$186,198,069
77$269,946,801$39,582,069$21,824,203$204,487,156
78$297,409,297$41,449,513$22,483,237$224,614,341
79$327,670,697$43,406,192$23,162,077$246,765,985
80$361,016,419$45,456,405$23,861,317$271,147,408
81$397,760,988$47,604,663$24,581,566$297,984,824
82$438,251,011$49,855,695$25,323,451$327,527,468
83$482,868,447$52,214,456$26,087,619$360,049,941
84$532,034,209$54,686,145$26,874,735$395,854,794
85$586,212,145$57,276,213$27,685,485$435,275,380
86$645,913,409$59,990,373$28,520,574$478,678,991
87$711,701,292$62,834,616$29,380,729$526,470,315
88$784,196,538$65,815,227$30,266,697$579,095,251
89$864,083,203$68,938,791$31,179,249$637,045,106
90$952,115,114$72,212,216$32,119,179$700,861,227
91$1,049,122,986$75,642,745$33,087,302$771,140,097
92$1,156,022,263$79,237,972$34,084,459$848,538,961
93$1,273,821,761$83,005,860$35,111,516$933,782,016
94$1,403,633,193$86,954,759$36,169,364$1,027,667,235
95$1,546,681,662$91,093,426$37,258,920$1,131,073,892
96$1,704,317,228$95,431,040$38,381,131$1,244,970,850
97$1,878,027,654$99,977,229$39,536,967$1,370,425,690
98$2,069,452,450$104,742,089$40,727,431$1,508,614,781
99$2,280,398,354$109,736,205$41,953,554$1,660,834,369
100$2,512,856,385$114,970,679$43,216,397$1,828,512,798